BSNL, MTNL to spend Rs 11,000 cr to build infrastructure for 4G services

Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), under the recently announced revival package, will invest around Rs 11,000 crore to build infrastructure for fourth generation (4G) services. 

The asset monetisation exercise in the first phase will help BSNL shave off its Rs 14,000-crore debt. “Those investments (for 4G spectrum infrastructure) will come internally and over the next couple of years or so, an official said. 

The government, on Wednesday, announced a relief package for the two beleaguered companies, which includes allotment of 4G spectrum worth Rs 14,115 crore in lieu of equity shares.  Real estate assets worth Rs 38,000 crore